IBC


Belize – Fiscal Paradise with High Level of Confidentiality

ICO Services, the international company specialized in the formation of offshore companies and offshore banking, has recently expanded their services to the American business world by launching their service of setting up a company in Belize, the only fiscal paradise in Central and South America where English is the official language. This business extension means providing access to the multiple advantages of establishing an International Business Company (IBC) which includes a high level of confidentiality, exempt for all local taxes, no capital requirements and no foreign exchange control. An IBC is the most popular type of offshore corporation as it […]


Why the secret world of Belize business alarmed US drug agents 3

Rob Evans, David Hencke and David Pallister The Guardian, Monday 4 June 2001 09.44 EDT US documents obtained by the Guardian reveal for the first time why the drug enforcement agency and other US authorities were so concerned about millionaire Tory treasurer Michael Ashcroft’s offshore world in the 1990s. The original discovery that references to the Florida-based Tory donor existed in DEA files led to controversy two years ago. Mr Ashcroft issued a libel writ against the Times, which published a correction, and he declared there was nothing to support “allegations that I am a drug runner and money launderer.” […]